Following the N95.8 billion owed by customers, there are indications that all electricity distribution companies (DisCos) may embark on mass disconnection of customers to enable them to pay up their debt with GenCos. The Nigerian Electricity Regulatory Commission (NERC) said electricity distribution companies (DisCos) in Nigeria averaged a collection efficiency …
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A leading player in Nigeria’s power sector, Dr. Chukwueloka Umeh, the Managing Director/Chief Executive Officer of Century Power Generation Limited, has advocated that Discos have to be auctioned again for the public to start getting value from the sector. According to Umeh, aside from solving the liquidity problem that ails …
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Following the recent global plunge in oil prices primarily as a result of the Covid-19 pandemic, the CEO of a power generating company, Century Power Generation Ltd, Dr. Chukwueloka Umeh says there is no better time than now for the Federal Government to take definitive and courageous steps towards diversifying …
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The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by …
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